Premium Title adds remote online notarization (RON) to make

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LUXEMBOURG, July 09, 2020 (GLOBE NEWSWIRE) – Premium Title, a national provider of securities and settlement services, today announced that it has added remote online notarization (RON) to its suite of electronic closing capabilities that already includes hybrid electronic closing and total electronic closing. The company is integrated with leading web-based electronic closing platforms to help clients digitize the loan closing process so they can more effectively manage the impacts of the COVID-19 outbreak.

Premium Title has always strived to stay one step ahead in the mortgage industry and has provided the convenience of virtual fencing for the past couple of years. Premium Title has completed just over 9,000 purchase transactions using the hybrid electronic close and full electronic close options. The company recently added RON to its securities and settlement services to give clients even more choice and help lenders remotely deliver and sign all required closing documents in states that allow RON.

“As the mortgage industry has slowly moved away from paper, Premium Title has already closed thousands of purchases electronically,” said Ben Hall, vice president of products for Altisource. This makes us uniquely qualified to support the transition and continue to help our customers, which is more important than ever during the COVID-19 pandemic. This is a testament to our ability to adapt to the rapidly changing needs of industry and consumers. “

About the Premium title
Premium Title is a national provider of securities and settlement services for the mortgage and real estate industry. Premium Title issues title insurance and performs closings for refinances, reverse mortgages, HELOC transactions, REO and no-default buy and sell transactions, as well as bulk single-family home purchases and refinances. Our customized solutions integrate directly with leading loan origination software, helping to make the closing process more efficient. Premium Title is part of the Altisource Portfolio Solutions SA (NASDAQ: ASPS) family of companies. For more information, please visit montitrepremium.com.

About Altisource®

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps meet the demands of the ever-changing markets we serve. Further information is available at altisource.com.

Investor contact:
Michelle D. Esterman
Financial director
770-612-7007
[email protected]
Press contact:
Kevin Hosey
Senior Director, Marketing
770-612-7007
[email protected]

Source: Altisource Portfolio Solutions SA

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